NBK Online

We hereby inform you that, further to a project to reorganize the National Bank
of Kuwait in Europe, it has been decided to transfer the activities of the French
branch of National Bank of Kuwait (International) Plc to NBK France SA, French subsidiary
100% held by the National Bank of Kuwait Group.

Therefore, following the completion of these various transfer operations, which
are scheduled for January 1st, 2019, your new contractual partner will be NBK France
SA.

We wish to inform you that this new organizational structure will not entail any
modification of our contractual relationship insofar as our services will continue
to be performed under the same terms and conditions and by the same professionals,
NBK France SA succeeding in the rights and obligations of the French branch of National
Bank of Kuwait (International) Plc without any modification in this respect.

For the avoidance of doubt, please note that this notification is for information
only, and shall not affect the validity of the transfer.

Should you wish any further information, please do not hesitate to contact your
usual contact person at the French branch of National Bank of Kuwait.